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Chch adds to housing stock
Christchurch City Council is
adding to its social housing stock
with the purchase for $1.98 million
of a large complex of single
bedroom flats in St Albans. The 18 units, at 86-90 Bristol
Street, will be available to elderly
residents who fit the Council’s
criteria for assistance. It is expected
the first tenants will be moving in
before Christmas. Aside from the Government, the
CCC is the country’s largest
provider of low-cost housing, with
more than 2600 tenants in 113
housing complexes around the city. Its City Housing operation pays its
own way, requiring no money from
city ratepayers. The money to pay for the Bristol St homes will come from the
Housing Development Fund. The new units, which each have a single
internal access garage, are likely to rent for $110 a week. Councillor Carole Anderton, who chairs the Council’s Housing
Subcommittee, says the Bristol Street purchase is an excellent addition
to City Housing’s stock. “This is a great deal,” she says. “The complex is close to shops and
other services, and it’s in an area of the city where there’s demand,”
she says. “As well, we’re getting these 18 units at a price that’s below
replacement value.” “This will immediately change the lives of at least 18 older people
and it underlines the Council’s commitment to meeting the need for
affordable housing throughout the city.” |